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Texas new home sales showed a slight decline in June as the market adjusts to seasonal and affordability pressures, reports HomesUSA.com.
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Texas home builders experienced a solid late spring surge as new home sales in May reached their highest level so far this year according to HomesUSA.com.
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Texas new home sales slipped in three of its four largest markets last month and took longer to sell, according to the newest monthly HomesUSA.com report.
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Mortgage rates continued to put downward pressure on Texas new home sale sales in all its four largest markets last month according to HomesUSA.com.
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Texas’ new home sales softened last month but year-over-year are up 11% from January 2024, according to the newest month report from HomesUSA.com.
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HomesUSA.com reports while Texas new home sales were flat last month for it four largest markets, home sales were up by about double-digits year over year.
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Texas new home sales were lower last month in its four biggest markets, home sales are up 6% from a year ago, home prices are flattening, inventory was up.
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HomesUSA.com says Texas new home sales were flat last month in its four biggest markets but homes sold faster as Days on Market trends downward.
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Texas new home sales flattened last month, but there was still good news for builders and buyers as homes sold faster and the average home price fell.
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Texas new home sales were up 3.5% last month, but the latest data is dimming the outlook for the rest of the year, according to HomesUSA.com.